Maximum Health Savings Account (HSA) contributions for 2024
- Brittany Crawford
- Jun 22, 2023
- 1 min read
The maximum contribution for health savings accounts (HSA's) will see one of the biggest increases ever for 2024. The following information applies to plan years that begin on or after
January 1, 2024:
If you are enrolled in self-only coverage, your maximum contribution is $4,150
If you are enrolled in family coverage, your maximum contribution is $8,300
The catch-up contribution for participants 55 and older remains unchanged at an extra $1,000.
In 2024, a high deductible health plan (HDHP) will be defined as such if:
Enrolled in self-only coverage and the deductible is not less than $1,600 and annual out of pocket expenses do not exceed $8,050
Enrolled in family coverage and the deductible is not less than $3,200 and annual out of pocket expenses do not exceed $16,100